Clovis Chamber Of Commerce Ltd
- Assets
- $659.2k
- Revenue
- $832.5k
- Investments
- $0.0
- Employees
- 6
- Location
- Clovis, CA
- Founding
- 09/1976
- Data as of
- 12/2021
- EIN
- 94-1509725
Organization Overview
Clovis Chamber Of Commerce Ltd is located in Clovis, CA. The organization was established in 1976. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Clovis Chamber Of Commerce Ltd employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clovis Chamber Of Commerce Ltd is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Clovis Chamber Of Commerce Ltd generated $832.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $493.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHAMBER OF COMMERCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCATE ANND SUPPORT A HEALTHY BUSINESS ENVIRONMENT TO IMPROVE THE QUALITY OF LIFE IN CLOVIS, CA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Newman CEO | Trustee | 40 | $0 |
Jimmy Dunn Director | Trustee | 0 | $0 |
Dr Lori Bennett Director | Trustee | 0 | $0 |
David X Bonnar Director | Trustee | 0 | $0 |
Michelle Dibuduo Director | Trustee | 0 | $0 |
Ryan Indart Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $194,987 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $78,892 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,879 |
| Total Program Service Revenue | $553,144 |
| Investment income | $279 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $832,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,000 |
| Compensation of current officers, directors, key employees. | $90,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $112,401 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,438 |
| Payroll taxes | $19,998 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $701 |
| Fees for services: Accounting | $19,195 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,808 |
| Office expenses | $20,969 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,832 |
| Travel | $7,563 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $595 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,348 |
| Insurance | $6,192 |
| All other expenses | $77,536 |
| Total functional expenses | $493,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $613,517 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,435 |
| Accounts receivable, net | $4,049 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $40,194 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $659,195 |
| Accounts payable and accrued expenses | $8,566 |
| Grants payable | $0 |
| Deferred revenue | $50,127 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $150,000 |
| Other liabilities | $1 |
| Total liabilities | $208,694 |
| Net assets without donor restrictions | $377,185 |
| Net assets with donor restrictions | $73,316 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $659,195 |
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